A total of about 42,000 units in Hong Kong’s 39 “tenant-buyers” schemes have not yet been sold
Last year’s Policy Address announced that it recommended the Housing Authority (hereinafter referred to as the Housing Authority) to expedite the sale of relevant units. The source revealed that the Housing Authority collects about 1,200 rental units every year from the TPS. The association plans to freeze renting out the units recovered by the TPS from February 1 in order to promote the sale of relevant units in the future.
Sources pointed out that tenants currently living in TPS units will receive special discounts for the first two years, full discounts for the first year, and half discounts for the second year
After the original tenants return the units, the Housing Authority will Units are reassigned to applicants for public housing; in the five financial years 2014/15 to 2018/19, the Housing Authority sold an average of about 3,100 units to existing tenants each year, and recovered about 1,200 rental units each year.
1200 households per year or for green home purchase
To expedite the sale of units in the TPS, the source said that the Housing Authority’s Subsidized Housing Committee will hold a meeting on the 31st of this month to study the reassignment of repossessed rental units starting in February. The buyer level is extended to Green Forms; as for the selling method, one of them may be to sell the recovered flats together with HOS or Green Form Home Purchase (Green Home Purchase) units. The Housing Authority aims to release the relevant units as soon as the end of this year or early next year. According to the government’s idea, tenants of existing housing estates can still purchase their flats in accordance with the original mechanism and allocate them for recycling units for sale. The Housing Authority will examine whether buyers can enjoy the same discounts as tenants.
It is understood that of the approximately 184,000 units in 39 Hong Kong housing estates in Hong Kong, as of the end of September last year, the best-selling market was Tai Wai Hin Keng Village, with 5,876 units in the whole estate and about 438 units for sale. The ratio is about 7.5%; the sales of Shanjing Village in Tuen Mun are the worst, the proportion of units sold is only about 44%, and there are still about 4,800 units that have not been sold.